System: FX Total Return Review
Description: The goal of this strategy is to generate account growth with low volatility. A long term direction is assigned to highly-liquid pairs based on CB policy and other macro conditions. Breakout setups which align to the assigned trend are monitored for and prioritized based on a risk/reward estimate. A stop loss is of less than 2% is used with every trade.
Type of Trading: Real
Started: Jul 23, 2014
Tracking: 0 users
Currency Pairs: AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY
Overview: FX Total Return Review Myfxbook system has made +6% in 157 trades since Jul 23, 2014. The average winning trade is about38.12 pips / $3.47, and the average trade with a loss around -45.91 pips / -$4.30. Trades are left open on average for 22h 57m.
(45/82) 54% is the winning percentage of its buy trades and (45/75) 60% is the winning percentage of its sells.
(Oct 31) 237.1 was the best trade it ever produced. (Jul 29) -211.5 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 45.91364 SL, usually asking for trouble.
- 30% drawdown or less is always a good sign